IPO Articles & Analysis

Garuda Aerospace — MS Dhoni-backed Chennai drone manufacturer — pre-filed DRHP with SEBI on April 7, 2026 for a ₹750 Cr fresh issue plus OFS, targeting ~₹1,000 Cr total raise at a ₹4,000-5,000 Cr valuation. Expected December 2026 listing. FY25 revenue ₹118-125 Cr, BEL MoU signed. Full IPO review.

Complete analysis of the upcoming Reliance Jio IPO — expected date, likely price band, valuation estimates, financial snapshot, strengths, risks, GMP guidance, and whether retail investors should apply.

Zepto IPO is India's first quick commerce public listing. Expected ~₹10,000 Cr issue in H2 2026. Complete guide to dates, price band, GMP, strengths, risks and application process.

Pine Labs listed at a 14% premium on November 14, 2025 (₹252 vs ₹221 issue) but has since slid to ~₹157 — 29% below issue price. Q3 FY26 turned profitable yet the stock kept falling. Full post-listing review explaining what went wrong, the geopolitical impact, audit overhang, analyst targets, and a buy/hold/sell framework.

Shadowfax Technologies listed at a 9% discount on January 28, 2026 but has since rallied to ~₹174 — a 40%+ gain over the issue price of ₹124. Q3 FY26 PAT jumped 439% YoY. Full post-listing review of financials, competitive position, analyst targets, and buy/hold/sell framework at current market price.

Ather Energy IPO is largely confirmed — DRHP filed and SEBI-approved. Expected price band ₹304-₹321, issue size ₹3,100 Cr (₹2,626 Cr fresh + ₹474 Cr OFS), lot size ~46 shares. Backed by Hero MotoCorp (37%). Complete review of dates, GMP, financials, Ola Electric comparison, risks.

PhysicsWallah (PW), founded by Alakh Pandey, becomes India's first edtech unicorn to receive SEBI approval. The Noida-based company is expected to launch its ~₹3,480 Cr IPO in November 2026 at a $2.8 billion valuation. Full review of dates, price band, financials, GMP outlook and investment thesis.

Urban Company listed on Indian exchanges in 2025. This is the post-listing review — actual listing price vs issue price, listing gain percentage, current trading price, business performance trend, and a buy/hold/sell framework at current market price.

InMobi, India's first unicorn (2011) and a global ad-tech major, is preparing for a 2026 IPO of ₹3,000–4,000 Cr. Founded by Naveen Tewari, the company runs InMobi Exchange, Glance lock-screen platform, and consumer brands. Backed by SoftBank with revenue near $1B. Full review of business verticals, financials, strengths, risks and should-you-apply framework.

Zetwerk, India's $2.7 billion B2B manufacturing unicorn, is preparing for a 2026 IPO of approximately ₹4,000–5,000 Cr. Backed by Greenoaks, D1 Capital, and Lightspeed, with revenue crossing $1B and tailwinds from PLI schemes in defence, aerospace, and consumer electronics. Full review of dates, financials, strengths, risks and should-you-apply framework.